The world’s biggest central banks and financial supervisors are all talk and no action on tackling the climate crisis. Positive Money’s …
financial regulation
Coronavirus QE must also be green: Andrew Bailey needs to stick to his word
Amid the coronavirus crisis, we risk backsliding on the progress we’ve made towards decarbonising our financial system. We must make sure …
Bank of England considering ‘game-changing’ brown-penalising factor for fossil fuel lending
In a letter published today, outgoing Bank of England governor Mark Carney has told the Treasury Select Committee that the central bank is …
Response to Mark Carney’s Speech at the TCFD Summit
Last week, Bank of England Governor Mark Carney spoke at the Task Force on Climate-related Financial Disclosures (TCFD) Summit in Tokyo. …
Climate ‘risk’ vs ‘uncertainty’ in financial policymaking
Current treatment of climate ‘risk’ rests on false assumptions about the dynamics of financial markets and the environmental challenges we …
Modern Monetary Theory and Positive Money, Part 3: Shadow Banking
As part of our series of blogs examining the relationship between Modern Monetary Theory and Positive Money’s proposals, this guest post by …
The Bank of England must lead on disclosure of climate risk
Three years on from Governor Mark Carney’s eye-catching announcement that climate change is an enormous challenge for finance, the Bank of …